EcoloCap Solutions Inc., an integrated and complementary network of environmentally-focused technology companies that utilize advanced nanotechnology to design, develop, manufacture and sell cleaner alternative energy products, is pleased to address the investment community with an update in regards to its revolutionary, nanotechnology-enhanced battery products - the Lithium-X battery and the CNT battery.
"Our company received tremendous interest in our battery technologies from potential customers and strategic partners," said EcoloCap Solutions, Inc. CEO Michael Siegel. "In Q1 2010 management has been laser focused on bringing the Lithium-X battery to market as quickly as possible. In order to maximize shareholder value we are developing the Lithium X battery since the production facilities are more economical to produce and we can sell the products at a higher profit margin.
"Our immediate plan is to produce 65 hand-made Lithium-X batteries to deliver to testing facilities and customers for destructive and lifecycle testing. Subsequently, we plan to begin the construction of a manufacturing facility to produce Lithium-X batteries within the next three months, which will be followed by CNT battery manufacturing lines within the next nine months. We are also actively seeking joint ventures or other partnerships to quickly bring these products to market.
"The Lithium-X battery can be used in a number of high growth industries, to date our focus has been on the multi-billion dollar uninterrupted power supply (UPS) market. For example, cellular towers looking to efficiently draw power from the electric grid can use battery power during expensive peak hours and grid power when electricity is cheaper during off hours. We estimate the market for these applications to be more than 500,000 8V 960Ahr batteries per year.
"Independent testing has proven that our Lithium-X batteries are the best in the market, and we are working diligently to commercialize them and the company has already received substantial conditional orders and has a pipeline of interested parties. EcoloCap remains dedicated to maintaining as much transparency as possible and generating significant shareholder value."